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gabe borenstein said:
Dec 06 07:47 am
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All Comments by You're Kidding »We Are Where We Are [View article]
...as we will learn by the second quarter of 2009, the Americans had implemented some very dynamic measures which will contribute to the first half of 2009 economic net expansion and a dynamic rebound by the second half of 2009 - I am sure of this.
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Sorry, but you are dead wrong, and I am sure of this.
There are tens of trillions of dollars in derivatives (to name just one of many problems) that must unwind first. This might delay the recovery a bit.